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Motor Insurance in Saudi Arabia to 2021: Market Size, Growth and Forecast Analytics

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    Report

  • 30 Pages
  • March 2018
  • Region: Saudi Arabia
  • GlobalData
  • ID: 4471873
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The "Motor Insurance in Saudi Arabia to 2021: Market Size, Growth and Forecast Analytics" contains detailed historic and forecast data covering Motor Insurance in Saudi Arabia. This databook provides values for key performance indicators such as premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP) and insurance penetration (ratio of direct premiums to GDP)), claims & expenses (gross claims, incurred loss and loss ratio (%)).

The research handbook provides the up-to-date market data for period 2012-2016 and illustrative forecast to 2021. Values in the handbook are depicted in USD ($) and local currency by country and number of active policies are represented in millions.

Summary

A contract by which the insurer assumes the risk of any loss the owner or operator of a vehicle and third party may incur through damage to property or persons as the result of an accident.

The total amount of gross written premiums in the motor insurance in Saudi Arabia is valued at SAR12.16 billion (US$3.24 billion) in 2016, which is an increase of 159.28% from 2012. The category has recorded a CAGR of 26.89% during the review period (2012-2016).

Motor Insurance in Saudi Arabia to 2021: Market Size, Growth and Forecast Analytics provides a top-level overview and detailed insight into the operating environment of Insurance industry in Saudi Arabia. It is an essential tool for companies active across the Saudi Arabia value chain and for new players considering to enter the market.

Scope

Motor Insurance in Saudi Arabia to 2021: Market Size, Growth and Forecast Analytics provides you with the following:
  • Overall values of premiums ,claims and expenses in the Motor Insurance


Reasons To Buy
  • Understand the non-life insurance industry covering motor insurance life in Saudi Arabia.

  • Enhance your knowledge of the market with a breakdown of data including gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP) and insurance penetration (ratio of direct premiums to GDP)gross claims, incurred loss and loss ratio (%).

  • Allows you to plan future business decisions using the forecast figures given for the segment.

  • The broad but detailed perspective will help all the companies in the Insurance industry to understand and succeed in the challenging market.

Table of Contents

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 CAGR Definition and Calculation
1.4 Summary Methodology
2 Motor Insurance
2.1 Premiums
2.1.1 Gross Written Premiums, 2012 - 2016
2.1.2 Gross Written Premiums Forecast, 2017 - 2021
2.1.3 Direct Written Premiums, 2012 - 2016
2.1.4 Direct Written Premiums Forecast, 2017 - 2021
2.1.5 Net Written Premiums, 2012 - 2016
2.1.6 Net Written Premium Forecast, 2017 - 2021
2.1.7 Net Written Premiums (% of GWP) , 2012 - 2016
2.1.8 Net Written Premiums (% of GWP), 2017-2021
2.1.9 Net Earned Premiums, 2012 - 2016
2.1.10 Net Earned Premiums Forecast, 2017 - 2021
2.1.11 Insurance Penetration (Ratio of Direct Premiums to GDP) , 2012 - 2016
2.1.12 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
2.2 Claims and Expenses
2.2.1 Gross Claims, 2012 - 2016
2.2.2 Gross Claims Forecast, 2017 - 2021
2.2.3 Incurred Loss, 2012 - 2016
2.2.4 Incurred Loss Forecast, 2017 - 2021
2.2.5 Loss Ratio (%), 2012 - 2016
2.2.6 Loss Ratio (%) Forecast, 2017 - 2021
3 Appendix
3.1 Exchange Rates
3.2 About the Publisher
3.3 Services
3.4 Disclaimer

List of Tables
Table 1: Timetric - Insurance Market Definitions
Table 2: Saudi Arabian Motor Insurance; Gross Written Premiums (US$ Billion), 2012 - 2016
Table 3: Saudi Arabian Motor Insurance; Gross Written Premiums (SAR Billion), 2012 - 2016
Table 4: Saudi Arabian Motor Insurance; Gross Written Premiums (US$ Billion), 2017-2021
Table 5: Saudi Arabian Motor Insurance; Gross Written Premiums (SAR Billion), 2017-2021
Table 6: Saudi Arabian Motor Insurance; Direct Written Premiums (US$ Billion), 2012 - 2016
Table 7: Saudi Arabian Motor Insurance; Direct Written Premiums (SAR Billion), 2012 - 2016
Table 8: Saudi Arabian Motor Insurance; Direct Written Premiums (US$ Billion), 2017-2021
Table 9: Saudi Arabian Motor Insurance; Direct Written Premiums (SAR Billion), 2017-2021
Table 10: Saudi Arabian Motor Insurance; Net Written Premiums (US$ Billion), 2012 - 2016
Table 11: Saudi Arabian Motor Insurance; Net Written Premiums (SAR Billion), 2012 - 2016
Table 12: Saudi Arabian Motor Insurance; Net Written Premiums (US$ Billion), 2017-2021
Table 13: Saudi Arabian Motor Insurance; Net Written Premiums (SAR Billion), 2017-2021
Table 14: Saudi Arabian Motor Insurance; Net Written Premiums (% of GWP), 2012 - 2016
Table 15: Saudi Arabian Motor Insurance; Net Written Premiums (% of GWP), 2017-2021
Table 16: Saudi Arabian Motor Insurance; Net Earned Premiums (US$ Billion), 2012 - 2016
Table 17: Saudi Arabian Motor Insurance; Net Earned Premiums (SAR Billion), 2012 - 2016
Table 18: Saudi Arabian Motor Insurance; Net Earned Premiums (US$ Billion), 2017-2021
Table 19: Saudi Arabian Motor Insurance; Net Earned Premiums (SAR Billion), 2017-2021
Table 20: Saudi Arabian Motor Insurance; Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Table 21: Saudi Arabian Motor Insurance; Penetration (Ratio of Direct Premiums to GDP), 2017-2021
Table 22: Saudi Arabian Motor Insurance; Gross Claims (US$ Billion), 2012 - 2016
Table 23: Saudi Arabian Motor Insurance; Gross Claims (SAR Billion), 2012 - 2016
Table 24: Saudi Arabian Motor Insurance; Gross Claims (US$ Billion), 2017-2021
Table 25: Saudi Arabian Motor Insurance; Gross Claims (SAR Billion), 2017-2021
Table 26: Saudi Arabian Motor Insurance; Incurred Loss (US$ Billion), 2012 - 2016
Table 27: Saudi Arabian Motor Insurance; Incurred Loss (SAR Billion), 2012 - 2016
Table 28: Saudi Arabian Motor Insurance; Incurred Loss (US$ Billion), 2017-2021
Table 29: Saudi Arabian Motor Insurance; Incurred Loss (SAR Billion), 2017-2021
Table 30: Saudi Arabian Motor Insurance; Loss Ratio (%), 2012 - 2016
Table 31: Saudi Arabian Motor Insurance; Loss Ratio (%), 2017-2021
Table 32: Exchange Rates (Annual Average), 2012 - 2016
Table 33: Exchange Rates (Annual Average), 2017 - 2021

List of Figures
Figure 1: Saudi Arabian Motor Insurance; Gross Written Premiums (SAR Billion), 2012 - 2016
Figure 2: Saudi Arabian Motor Insurance; Gross Written Premiums (SAR Billion), 2017-2021
Figure 3: Saudi Arabian Motor Insurance; Direct Written Premiums (SAR Billion), 2012 - 2016
Figure 4: Saudi Arabian Motor Insurance; Direct Written Premiums (SAR Billion), 2017-2021
Figure 5: Saudi Arabian Motor Insurance; Net Written Premiums (SAR Billion), 2012 - 2016
Figure 6: Saudi Arabian Motor Insurance; Net Written Premiums (SAR Billion), 2017-2021
Figure 7: Saudi Arabian Motor Insurance; Net Written Premiums (% of GWP), 2012 - 2016
Figure 8: Saudi Arabian Motor Insurance; Net Written Premiums (% of GWP), 2017-2021
Figure 9: Saudi Arabian Motor Insurance; Net Earned Premiums (SAR Billion), 2012 - 2016
Figure 10: Saudi Arabian Motor Insurance; Net Earned Premiums (SAR Billion), 2017-2021
Figure 11: Saudi Arabian Motor Insurance; Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
Figure 12: Saudi Arabian Motor Insurance; Penetration Ratio of Direct Premiums to GDP), 2017-2021
Figure 13: Saudi Arabian Motor Insurance; Gross Claims (SAR Billion), 2012 - 2016
Figure 14: Saudi Arabian Motor Insurance; Gross Claims (SAR Billion), 2017-2021
Figure 15: Saudi Arabian Motor Insurance; Incurred Loss (SAR Billion), 2012 - 2016
Figure 16: Saudi Arabian Motor Insurance; Incurred Loss (SAR Billion), 2017-2021
Figure 17: Saudi Arabian Motor Insurance; Loss Ratio (%), 2012 - 2016
Figure 18: Saudi Arabian Motor Insurance; Loss Ratio (%) 2017-2021